Brexit expected put brakes on India-EU FTA negotiations

Brexit: UK’s vote to leave the EU is expected to delay Indian attempts to establish a free trade agreement (FTA) with Brussels which have been under negotiation for the best part of a decade. It is also likely to have an impact on its talks over a similar deal with the European Free Trade Association (EFTA), which includes Iceland, Norway, Switzerland, and Liechtenstein.According to government officials India will have to rework its strategy, including the list of products on which duties will be reviewed by both sides as some of them would have been of interest to the UK. Both sides would have to reassess the situation, she predicted.